Expensive chair

Eliza Gray has an article in Time about an artifact:

A deckchair that was pulled from the wreckage of the Titanic more than a century ago has found a new home. The chair was sold at an auction in England recently, fetching just over $150,000, a representative of the Wiltshire auction house told Time; it was sold by auctioneer Henry Aldridge and Son to an unnamed collector in the UK.
The chair sat on the first-class deck of the luxury ship that sank after hitting an iceberg in 1912, killing fifteen hundred people. It was discovered floating on the surface of the ocean by a crew dispatched to recover bodies from the wreckage in 1912, the Guardian reports. The chair originally belonged to a member of that crew, and then to an English Titanic collector who owned it for the last fifteen years and used it as a display item in his home.

Rico says it's a silly price to pay, even for such a historic item...